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Australian Shale Wildcatter Tamboran Spuds First 2-Well Beetaloo Pad
Tamboran investor Helmerich & Payne is drilling the 2-mile laterals, while fellow investor Liberty Energy has a frac fleet en route to complete the wells, Tamboran Resources reported.
What's Affecting Oil Prices This Week? (Aug. 26, 2024)
For the upcoming week, Stratas Advisors expects that oil prices will move upwards but that the price of Brent crude will not break through $82 without some additional geopolitical disruption.
Oando Completes Acquisition of Eni’s Nigerian Agip Oil Co.
Oando’s acquisition of NAOC increases its total reserves by 98%.
What's Affecting Oil Prices This Week? (Aug. 19, 2024)
For the upcoming week, Stratas Advisors are expecting that oil prices will move sideways with the positive factors being offset by the negative factors.
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Australian Shale Wildcatter Tamboran Spuds First 2-Well Beetaloo Pad
Tamboran investor Helmerich & Payne is drilling the 2-mile laterals, while fellow investor Liberty Energy has a frac fleet en route to complete the wells, Tamboran Resources reported.
Libya's Oil Output Falls More Than Half Due to Political Standoff
More than half of Libya's oil production, or about 700,000 bbl/d, was offline on Aug. 29 and exports were halted at several ports as a standoff between rival political factions over the central bank and oil revenue threatens to end a four-year period of relative peace.
Equinor May Reconsider Investing in UK Oil Sector if Taxes Rise
Equinor's head of international operations said it may not be as attractive to invest in the British oil and gas sector if taxation of oil companies changes.
CFTC Fines TotalEnergies Trading $48MM for Attempted Market Manipulation
The Commodity Futures Trading Commission found that the company in March 2018 flooded the market for physical EBOB benchmark gasoline at cut-rate prices while maintaining a large short-position betting that EBOB futures would fall in value.
What's Affecting Oil Prices This Week? (Aug. 26, 2024)
For the upcoming week, Stratas Advisors expects that oil prices will move upwards but that the price of Brent crude will not break through $82 without some additional geopolitical disruption.
Oando Completes Acquisition of Eni’s Nigerian Agip Oil Co.
Oando’s acquisition of NAOC increases its total reserves by 98%.
OPEC Gets Updated Plans From Iraq, Kazakhstan on Overproduction Compensation
OPEC and other producers including Russia, known as OPEC+, have implemented a series of output cuts since late 2022 to support the market.
Oil Settles $1 Down After US Job Data Revised Significantly Lower
U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Aug. 21.
What's Affecting Oil Prices This Week? (Aug. 19, 2024)
For the upcoming week, Stratas Advisors are expecting that oil prices will move sideways with the positive factors being offset by the negative factors.
Pitts: LNG Sector, Beware! Aramco is Coming
Loaded with cash, Saudi oil powerhouse Aramco has embarked on a net-zero quest.